Volkswagen, the high profiled leading automobile manufacturing group based in Wolfsburg, Germany has come up with the plan to set up a purpose-built factory in its hometown itself. This plan was an immediate action taken on the same day after the final approval gained by its strong rival, Tesla Inc., the iconic luxury electric car brand from the local authorities to blast off the production of crossovers at its new factory near Berlin which is going to be the brand’s first gig factory. It was on Friday, 4th March 2022 that the prominent group announced about setting aside 2 billion euros for building a new electric car plant near its domestic home in Wolfsburg by the spring of 2023 and thus to initiate the production procedure of its “Trinity” vehicles in 2026.
Volkswagen to build $2.2bn new EV plant in Germany
This centralized move is not only to combat the stiff competition with the US-based maker, Tesla but also to mark the emergence of Volkswagen as a leading all-electric automobile manufacturer amid the lineup of top brands like Chevrolet, Tesla, Mercedes, etc. The head of Volkswagen, Ralf Brandstaetter stated that thus the venture is a significant milestone for the company to step out of the backdrop of engineering the traditional internal combustion engine vehicles for decades. As the whole world is targeting towards achieving the zero-emission of carbon goals, it is so hard-nosed for the group to remain its imminent brands in the combustion models creation. The Volkswagen group is also trying to uplift its 12 supercar brands like Volkswagen, Seat, Audi, Skoda, Bugatti, Bentley, Lamborghini, Ducati, Porsche, Scania, MAN, and Volkswagen commercial vehicles by putting in 35 billion euros to ease the transition to the electric vehicles market space and to upsurge as the world’s largest electric car manufacturer by the year of 2025.
Along with all these strategies, Volkswagen also highlights the effective planning in the time control of systematizing its products. While keeping pace with the Tesla group, Volkswagen will be capable to build its new electric vehicles barely within 10 hours in this upcoming factory. On the other hand, its current factory housed in Zwickau in Eastern Germany takes around 30 hours for the same process, the CEO Herbert Diess explained to his employees in November. Here is the words of Ralf Brandstaetter, the brand chief of Volkswagen on the supervisory board meeting, “Volkswagen is strengthening and sustaining the competitiveness of the main plant and giving the workforce a robust long-term perspective”.